COG Financial Services (COG) H1 2026 earnings summary

Executive summary

• Revenue for 1H26 was $196.9m, up 8% year-over-year, driven by organic growth and acquisitions, with underlying EBITDA to shareholders rising 14% to $22.3m and EPSA up 7% to 6.61cps.

• Statutory profit after tax attributable to members increased 17% year-over-year to $9.9m.

• Interim dividend declared at 3.5cps, fully franked, a 17% increase over the prior year, with DRP suspended.

• Major acquisitions included Easifleet for $36.5m, increased stakes in Fleet Network and Access Capital, supporting segment growth.

• Net Assets Financed reached $4.5bn, a 7% increase from the prior period.

Financial highlights

• Revenue from continuing operations grew 9% year-over-year to $198.5m.

• Underlying EBITDA after NCI increased 14% to $22.3m.

• Basic and diluted EPS from continuing operations rose to 4.80 cents (from 4.28 cents year-over-year).

• Cash and cash equivalents increased by $34.1m to $183.4m.

• Net assets at period end were $201.5m, down from $206.5m at 30 June 2025.

Outlook and guidance

• Continued organic growth expected in Salary Packaging, supported by government EV incentives and FBT exemption.

• Ongoing focus on strategic acquisitions and IT/AI investment, especially in broker aggregation and salary packaging.

• Corporate debt to EBITDA ratio of 1:1, with $30m debt capacity available for future acquisitions.

• Management expects long-term growth and value creation through disciplined execution.